Edition:
United States

Koustav Samanta

Vitol, Trafigura see further oil demand destruction from second virus wave

Nov 02 2020

Global oil traders Vitol [VITOLV.UL] and Trafigura expect a resurgence in coronavirus cases in Europe and the United States to hurt fuel demand although their estimates vary.

Traders scout for supertankers to store diesel as virus spreads

Oct 30 2020

SINGAPORE Oil traders are scouting for newly built supertankers to store diesel for the next few months as they brace for lower demand in Europe amid renewed restrictions aimed at battling the COVID-19 pandemic, shipping and trade sources said.

Oil dips as surging coronavirus cases threaten demand recovery

Oct 15 2020

MELBOURNE/SINGAPORE Oil prices fell on Thursday, paring gains from earlier in the session, as a resurgence in COVID-19 infections across the globe underpinned concerns over economic growth and a recovery in fuel demand.

REFILE-Asia's jet fuel margins hit 2-month highs on warmer demand for kerosene before winter

Oct 05 2020

* Asian jet/kerosene demand seen up to 700,000 bpd lower y/y in Q4

Ecopetrol aims to drill 100 wells in U.S. Permian Basin by end-2021: CEO

Sep 14 2020

Colombian oil company Ecopetrol SA aims to drill a total 100 wells by end-2021 in the Permian Basin of West Texas as global oil prices recover, Chief Executive Felipe Bayon said on Monday.

Jet fuel demand outlook sours after fleeting market optimism

Aug 02 2020

By Stephanie Kelly, Koustav Samanta and Bozorgmehr Sharafedin

India's June crude oil imports lowest in over five years; exports dip

Jul 31 2020

India's crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed on Friday.

China's fuel exports poised for a strong rebound this month and next - sources

Jul 28 2020

SINGAPORE China's gasoline and gasoil exports are set for a strong rebound in July and August, industry sources said, as companies make the most of rising global fuel demand and higher prices to pare back growing fuel inventories.

China's fuel exports poised for a strong rebound this month and next-sources

Jul 28 2020

SINGAPORE, July 28 China's gasoline and gasoil exports are set for a strong rebound in July and August, industry sources said, as companies make the most of rising global fuel demand and higher prices to pare back growing fuel inventories.

Asian gasoil margins improve as lockdowns ease, but challenges remain

Jun 30 2020

SINGAPORE Asian refiners' profits from gasoil have more than trebled from a record low seen in early May as demand recovers after sweeping lockdowns imposed to curb the COVID-19 pandemic, although refiners ramping up production after maintenance could cap gains, analysts said.

World News